Compass Diversified (NYSE:CODI) Shares Gap Down – Should You Sell?

Compass Diversified Holdings (NYSE:CODI)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $10.92, but opened at $10.34. Compass Diversified shares last traded at $9.8330, with a volume of 207,324 shares changing hands.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CODI shares. Weiss Ratings upgraded Compass Diversified from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, April 21st. Zacks Research upgraded Compass Diversified from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. B. Riley Financial raised their price target on Compass Diversified from $8.00 to $10.50 and gave the company a “neutral” rating in a report on Tuesday, April 7th. Raymond James Financial started coverage on Compass Diversified in a research note on Wednesday, March 11th. They issued a “hold” rating on the stock. Finally, Wall Street Zen raised Compass Diversified from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.75.

Compass Diversified Stock Down 6.8%

The firm has a 50 day simple moving average of $10.97 and a two-hundred day simple moving average of $7.83. The company has a debt-to-equity ratio of 34.60, a current ratio of 2.67 and a quick ratio of 1.56. The stock has a market cap of $765.53 million, a price-to-earnings ratio of -2.60 and a beta of 1.26.

Insiders Place Their Bets

In related news, insider Stephen Keller bought 30,000 shares of the business’s stock in a transaction on Monday, April 6th. The shares were purchased at an average price of $8.61 per share, with a total value of $258,300.00. Following the completion of the purchase, the insider owned 20,000 shares of the company’s stock, valued at $172,200. This represents a -300.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Compass Diversified

A number of hedge funds have recently modified their holdings of CODI. AQR Capital Management LLC acquired a new stake in shares of Compass Diversified during the first quarter worth about $294,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Compass Diversified by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,635 shares of the financial services provider’s stock worth $740,000 after purchasing an additional 1,728 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Compass Diversified by 6.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 154,458 shares of the financial services provider’s stock worth $2,884,000 after purchasing an additional 10,006 shares during the period. Jane Street Group LLC raised its position in shares of Compass Diversified by 345.5% during the first quarter. Jane Street Group LLC now owns 193,907 shares of the financial services provider’s stock worth $3,620,000 after purchasing an additional 150,386 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Compass Diversified by 5.5% during the second quarter. Geode Capital Management LLC now owns 862,549 shares of the financial services provider’s stock worth $5,416,000 after purchasing an additional 44,938 shares during the period. Institutional investors and hedge funds own 72.73% of the company’s stock.

Compass Diversified Company Profile

Compass Diversified Holdings (NYSE:CODI) is a publicly traded private equity company headquartered in Bethesda, Maryland. The firm specializes in acquiring and managing middle-market businesses across a variety of industries, with a focus on driving operational performance and sustainable growth. As an externally managed entity, Compass Diversified leverages a disciplined investment approach to build a portfolio of market-leading companies that benefit from strategic oversight, capital support and shared best practices.

Compass Diversified’s investment activities span five core sectors: branded consumer, consumer services, differentiated industrial products, value-added distribution and business services.